Major Rating Factors:
History of adequate reserve strength (6.1 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent profitability index (9.1).
Other Rating Factors:
Excellent overall results on stability tests (6.9) despite. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.8% of capital. Fair liquidity (4.4) as cash resources may not be adequate to cover a spike in claims.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (97.6%), homeowners (0.2%), comm multi (0.2%), other (2.0%)
Licensed in:
All states except AL, FL, IL, MA, MI, NH, PA, VT, WY
Principal Investments:
Investment grade bonds (92.7%), common stock (6.3%), non investment grade bonds (1.0%)
Corporate Info
Group Affiliation
The Progressive Corporation
Investment Rating
Company Address
300 N. Commons Blvd.
Mayfield, OH 44143
Mayfield, OH 44143
Phone Number
(440) 461-5000
NAIC Number
42919
Website
Largest Affiliates